Credit, Collections & Insolvency News
New Figures from Barclays have shown a surge in fraud cams amid the coronavirus crisis and lockdown, with fraud up 66% in the first six months of the year and climbing a further 5% in July. Barclays found that scams relating to investments were up by 49% last month – the biggest increase the bank’s…
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Cifas, the UK’s leading fraud prevention service, has entered into an innovative new partnership with Mango Solutions to further enhance its intelligence capabilities for members and the wider fraud prevention community. As part of this new partnership, Mango Solutions will help Cifas build and enhance its existing intelligence capabilities, as well as further deepen its…
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Two-fifths (41%) of all equity released in the first half of 2020 was used to pay off debts as older homeowners used their property wealth to retirement-proof their finances, according to new analysis from equity release adviser company, Key. Over 40% of the total amount of new equity released, or £588 million, was used to…
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One in nine people, the equivalent of six million people across the UK, have reported falling behind on household bills because of coronavirus according to new research from Citizens Advice. With protections against eviction for renters and the ban on face-to-face bailiff collection both ending this weekend, the charity warns that many of those struggling…
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A Best Practice plan adopted by The High Court Enforcement Officers Association (HCEOA) is to be put in action from Monday 24th August) as debt recovery enforcement activity begins again across England and Wales. The HCEOA’s post-lockdown plan, ‘A Flexible and Sympathetic Approach to Enforcement’ sets out the principles, working practices and behaviours that all High…
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